NAV Price | $39.38 |
NAV Daily Change ($) | $1.00 |
NAV Daily Change (%) | 2.61% |
NAV YTD Return | 9.85% |
The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings. |
Inception Date | 12/14/2001 |
Net Expense Ratio | 0.87% |
Gross Expense Ratio | 0.87% |
Total Net Assets (million) as of 1/31/2023 | $1,552.574 |
Ticker | HASCX |
Fund Number | 2022 |
Share Class | Institutional |
Casella Waste Systems Inc. Class A [CWST] | 3.5% |
Houlihan Lokey Inc. Class A [HLI] | 3.0% |
Franklin Electric Co. Inc. [FELE] | 2.6% |
Darling Ingredients Inc [DAR] | 2.6% |
Reinsurance Group of America Incorporated [RGA] | 2.4% |
Hexcel Corporation [HXL] | 2.3% |
SPX Technologies Inc. [SPXC] | 2.3% |
Parsons Corporation [PSN] | 2.2% |
Albany International Corp. Class A [AIN] | 2.2% |
Molina Healthcare Inc. [MOH] | 2.1% |
% of Total Holdings: | 25.2% |
The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings. |
“Better judgement borne of deep hands on experience in a variety of industries allows us to see what others miss.”
Paul Viera
CEO and Partner, Earnest Partners LLC
12/16/2022
12/19/2022
12/19/2022
0.00000
0.12022
2.47978
0.03839
0.00000
2.44139
2.60000
0.00000
35.13
12/17/2021
12/20/2021
12/20/2021
0.00000
0.04232
2.36015
--
0.00000
2.36015
2.40247
0.00000
39.90
12/16/2020
12/17/2020
12/17/2020
0.00000
0.17061
0.00000
0.00000
0.00000
0.00000
0.17061
0.00000
39.22
12/13/2019
12/16/2019
12/16/2019
0.00000
0.17500
0.31673
0.00000
0.00000
0.31673
0.49173
0.00000
34.63
12/14/2018
12/17/2018
12/17/2018
0.00000
0.12283
2.94909
0.11826
0.00000
2.83083
3.07192
0.00000
27.81
12/15/2017
12/18/2017
12/18/2017
0.00000
0.03062
0.68749
0.00000
0.00000
0.68749
0.71811
0.00000
36.37
12/16/2016
12/19/2016
12/19/2016
0.00000
0.11050
0.00000
0.00000
0.00000
0.00000
0.11050
0.00000
30.72
12/16/2015
12/17/2015
12/17/2015
0.00000
0.09352
0.89173
0.10478
0.00000
0.78695
0.98525
0.00000
24.80
12/17/2014
12/18/2014
12/18/2014
0.00000
0.05903
0.91139
0.03354
0.00000
0.87785
0.97042
0.00000
26.39
12/16/2013
12/17/2013
12/17/2013
0.00000
0.04851
4.41125
0.37563
0.00000
4.03562
4.45976
0.00000
24.70
12/14/2012
12/17/2012
12/17/2012
0.00000
0.21642
0.26841
0.00000
0.00000
0.26841
0.48483
0.00000
21.99
12/15/2011
12/16/2011
12/16/2011
0.00000
0.05366
0.00000
0.00000
0.00000
0.00000
0.05366
0.00000
19.12
12/16/2010
12/17/2010
12/17/2010
0.00000
0.07563
0.00000
0.00000
0.00000
0.00000
0.07563
0.00000
19.47
12/17/2009
12/18/2009
12/18/2009
0.00000
0.07112
0.00000
0.00000
0.00000
0.00000
0.07112
0.00000
15.93
12/18/2008
12/19/2008
12/19/2008
0.00000
0.05479
0.03603
0.00000
0.00000
0.03603
0.09082
0.00000
12.80
12/18/2007
12/19/2007
12/19/2007
0.00000
0.09535
1.11030
0.00000
0.00000
1.11030
1.20565
0.00000
19.47
12/18/2006
12/19/2006
12/19/2006
0.00000
0.01961
0.48505
0.00000
0.00000
0.48505
0.50466
0.00000
21.49
12/19/2005
12/20/2005
12/20/2005
0.00000
0.02027
0.30693
0.03399
0.00000
0.27294
0.32720
0.00000
19.81
12/29/2004
12/30/2004
12/30/2004
0.00000
0.00000
0.09415
0.00000
0.00000
0.09415
0.09415
0.00000
18.26
12/29/2003
12/30/2003
12/30/2003
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
15.01
12/27/2002
12/30/2002
12/30/2002
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
10.14
12/26/2001
12/27/2001
12/28/2001
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
10.76
Casella Waste Systems Inc. Class A [CWST]
United States
886
79.31
70,254
3.5
Houlihan Lokey Inc. Class A [HLI]
United States
691
87.16
60,215
3.0
Franklin Electric Co. Inc. [FELE]
United States
659
79.75
52,565
2.6
Darling Ingredients Inc [DAR]
United States
834
62.59
52,215
2.6
Reinsurance Group of America Incorporated [RGA]
United States
334
142.09
47,431
2.4
Hexcel Corporation [HXL]
United States
801
58.85
47,127
2.3
SPX Technologies Inc. [SPXC]
United States
699
65.65
45,876
2.3
Parsons Corporation [PSN]
United States
968
46.25
44,770
2.2
Albany International Corp. Class A [AIN]
United States
451
98.59
44,421
2.2
Molina Healthcare Inc. [MOH]
United States
129
330.22
42,556
2.1
Trustmark Corporation [TRMK]
United States
1,201
34.91
41,935
2.1
SouthState Corporation [SSB]
United States
541
76.36
41,329
2.1
Box Inc. Class A [BOX]
United States
1,323
31.13
41,178
2.0
CONMED Corporation [CNMD]
United States
464
88.64
41,127
2.0
Timken Company [TKR]
United States
580
70.67
41,013
2.0
Scotts Miracle-Gro Company Class A [SMG]
United States
814
48.59
39,556
2.0
Cabot Corporation [CBT]
United States
589
66.84
39,358
2.0
GATX Corporation [GATX]
United States
368
106.34
39,113
1.9
Flowserve Corporation [FLS]
United States
1,243
30.68
38,142
1.9
United Community Banks Inc. [UCBI]
United States
1,121
33.80
37,890
1.9
FirstCash Holdings Inc. [FCFS]
United States
434
86.91
37,743
1.9
First Merchants Corporation [FRME]
United States
913
41.11
37,524
1.9
Heartland Financial USA Inc. [HTLF]
United States
802
46.62
37,397
1.9
STAG Industrial Inc. [STAG]
United States
1,157
32.31
37,373
1.9
AAR CORP. [AIR]
United States
821
44.90
36,847
1.8
Littelfuse Inc. [LFUS]
United States
168
220.20
36,940
1.8
Cracker Barrel Old Country Store Inc. [CBRL]
United States
380
94.74
35,974
1.8
Enterprise Financial Services Corp [EFSC]
United States
732
48.96
35,820
1.8
Envestnet Inc. [ENV]
United States
562
61.70
34,688
1.7
Plexus Corp. [PLXS]
United States
337
102.93
34,651
1.7
Meritage Homes Corporation [MTH]
United States
375
92.20
34,540
1.7
Moog Inc. Class A [MOG.A]
United States
392
87.76
34,393
1.7
United Bankshares Inc. [UBSI]
United States
850
40.49
34,398
1.7
EnerSys [ENS]
United States
436
73.84
32,181
1.6
FormFactor Inc. [FORM]
United States
1,452
22.23
32,278
1.6
Oceaneering International Inc. [OII]
United States
1,795
17.49
31,402
1.6
Pediatrix Medical Group Inc. [MD]
United States
2,121
14.86
31,514
1.6
Diodes Incorporated [DIOD]
United States
410
76.14
31,199
1.6
Catalent Inc [CTLT]
United States
689
45.01
31,013
1.5
Advanced Energy Industries Inc. [AEIS]
United States
356
85.78
30,530
1.5
Methode Electronics Inc. [MEI]
United States
670
44.37
29,748
1.5
Stifel Financial Corp. [SF]
United States
508
58.37
29,673
1.5
Corporate Office Properties Trust [OFC]
United States
1,120
25.94
29,064
1.4
Cheesecake Factory Incorporated [CAKE]
United States
905
31.71
28,700
1.4
Sabre Corp. [SABR]
United States
4,394
6.18
27,158
1.4
Sanmina Corporation [SANM]
United States
462
57.29
26,457
1.3
Integer Holdings Corporation [ITGR]
United States
381
68.46
26,091
1.3
Ryder System Inc. [R]
United States
294
83.57
24,581
1.2
CTS Corporation [CTS]
United States
579
39.42
22,818
1.1
Horace Mann Educators Corporation [HMN]
United States
534
37.37
19,972
1.0
Pebblebrook Hotel Trust [PEB]
United States
1,471
13.39
19,700
1.0
Helen of Troy Limited [HELE]
United States
172
110.91
19,046
0.9
Archrock Inc. [AROC]
United States
2,087
8.98
18,744
0.9
Entegris Inc. [ENTG]
United States
267
65.59
17,508
0.9
Wolverine World Wide Inc. [WWW]
United States
1,423
10.93
15,548
0.8
Steelcase Inc. Class A [SCS]
United States
2,035
7.07
14,385
0.7
Amkor Technology Inc. [AMKR]
United States
561
23.98
13,455
0.7
United Fire Group Inc. [UFCS]
United States
449
27.36
12,296
0.6
Myriad Genetics Inc. [MYGN]
United States
649
14.51
9,416
0.5
DMC Global Inc. [BOOM]
United States
451
19.44
8,759
0.4
Core Laboratories NV [CLB]
United States
325
20.27
6,583
0.3
Total
--
--
--
2,016,176
100.2
Cash and Other Assets Less Liabilities
--
--
--
--
-0.2
Total Net Assets
--
--
--
--
100%
Industrials
28.1
13.2
Financials
23.5
28.7
Information Technology
18.8
5.6
Health Care
9.0
10.4
Consumer Discretionary
6.6
10.0
Real Estate
4.3
10.6
Materials
3.9
4.1
Energy
3.3
6.2
Consumer Staples
2.6
2.6
Communication Services
0.0
2.9
Utilities
0.0
5.3
Energy
46.6
17.4
Industrials
19.9
15.7
Information Technology
13.3
5.3
Financials
10.4
7.4
Materials
9.7
18.7
Consumer Discretionary
8.6
13.0
Real Estate
7.8
7.4
Utilities
0.0
10.4
Communication Services
0.0
2.0
Consumer Staples
-5.4
7.1
Health Care
-11.1
-4.8
EARNEST Partners LLC manages assets for clients around the world, including corporate pension plans, state and municipal pension plans, jointly-trusteed plans, foundations and endowments. They also manage portfolios for high net worth individuals through the platforms of some of the largest broker dealers in the world. EARNEST Partners is a fundamental, bottom-up investor; their investment decisions focus on the merits of individual securities.
The firm believes the best investment decisions are thoughtfully distilled from a pool of expertise, and they are pleased to offer their clients a team with the experience and the network to assess the relevant geopolitical issues, demographic trends and cultural considerations impacting their investments. They believe that identifying the most attractive investment opportunities takes a global focus.
From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies.
The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used.
The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months.
For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx.
The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.